Month: April 2017

The federal Parent Plus loan program has millions of borrowers, many with subprime credit ratings; its default rate exceeds the rate for U.S. mortgages at the peak of the housing crisis Millions of U.S. parents have taken...VIEW MORE

With the stroke of a pen this week, Betsy DeVos, President Trump’s new education secretary, thrust the future of the government’s system for managing federal student loans into confusion. It was a high-stakes move: Her department administers...VIEW MORE

The majority of borrowers pursuing Public Service Loan Forgiveness are fully eligible – and this won’t change. Last week, we heard from a lot of panicked student loan borrowers who had read about a lawsuit that several...VIEW MORE

Getting a college education for free — sounds like a pipe-dream right? Well, New York state lawmakers have decided to make it a reality for students in their state thanks to a new state budget bill they...VIEW MORE

Here are the talks to people who’ve paid off their student loans, breaking down how they did it and what they learned. Amanda Page is student-loan-free, but it was far from an easy road. She earned a...VIEW MORE

JPMorgan Chase CEO Jamie Dimon, in his annual letter to investors, blamed the federal government for the rise in default rates for student loans. Since 2010, when the government took over student lending, direct government lending to...VIEW MORE

Recent college graduates who borrow are leaving school with an average of $34,000 in student loans. That’s up from $20,000 just 10 years ago, according to a new analysis from the Federal Reserve Bank of New York....VIEW MORE

Move will help former students continue degrees elsewhere, without new financial burden The U.S. Department of Education will restore Pell Grant eligibility to students who attended but didn’t graduate from shuttered colleges like ITT Technical Institute, allowing...VIEW MORE

The servicer says publicly it wants to help you pay debt. In a government lawsuit, it has a different message. Over the past several years, Jack Remondi, chief executive of student loan giant Navient Corp., has gone...VIEW MORE

Headlines

June 15, 2017

For most borrowers, federal student loans don’t go away until you pay them off. But in rare cases, the government will discharge the remaining balance of your student loans. In fact, there are seven options for student...VIEW MORE

June 14, 2017

Americans now hold more student loan debt than ever before, and many workers must pay off loans before they can start thinking about their financial future. Last week, Memphis announced the launch of a Student Loan Reduction...VIEW MORE

June 08, 2017

The Education Department said Tuesday that the hundreds of thousands of doctors, lawyers, teachers and social workers on track for a form of student loan forgiveness will not be affected by President Trump’s proposal to get rid...VIEW MORE

June 07, 2017

Curry Oglesby knows the challenges firsthand of trying to pay down her debt and also plan for her future. “It’s not like I have savings right now,” she said. The 30-year-old graduated from Howard University in 2009...VIEW MORE